We measure the fraction of luminous galaxies in pairs at projected separations of 5-20 kpc out to z=1.2 in the COSMOS field using ACS images and photometric redshifts derived from an extensive multiwavelength dataset. Analysis of a complete sample of
106,188 galaxies more luminous than M_V=-19.8 (~ L_V*) in the redshift range 0.1 < z < 1.2 yields 1,749 galaxy pairs. These data are supplemented by a local z=0-0.1 value for the galaxy pair fraction derived from the Sloan Digital Sky Survey (SDSS). After statistically correcting the COSMOS pair sample for chance line-of-sight superpositions, the evolution in the pair fraction is fit by a power law propto (1+z)^{n=3.1 pm 0.1}. If this strongly evolving pair fraction continues out to higher redshift, ~ 50% of all luminous galaxies at z ~ 2 are in close pairs. This clearly signifies that galaxy mergers are a very significant and possibly dominant mechanism for galaxy evolution during the epoch of galaxy formation at z=1 to 3.
